Innosil (UK) Limited (09791333): administration
- Status
- Administration ended
- Administration began
- 2022-10-13
- Administrators
- Conrad Alan Beighton, David Craig Griffiths
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2015-09-23
- Location
- Birmingham
- Industry
- 22290 Manufacture of other plastic products
Why it went into administration
- COVID-19
- Rising costs / inflation
- Energy costs
- Supply chain disruption
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 23 September 2015 for the purpose of acquiring the business and assets from the previous company, Silicon Innovation Limited (“SIL”), which entered into creditors’ voluntary liquidation on 13 November 2015 (liquidators from FRP Advisory). The Company’s director and sole shareholder, Paul Hatton, was the sole director and shareholder of SIL.
The Company traded in the design, manufacture and supply of high-quality silicone tubing for the pharmaceutical industry.
The Company traded from a leased industrial unit located at Unit A7, Stafford Park 15, Telford TF3 3BB. The premises was sublet to the Company under an informal agreement by the director. The director, Paul Hatton, is the tenant of the lease to the building and the owner of the building is the local council. The Company paid rent direct to the council as part of its informal agreement with the director.
Administrators' statement of proposals (2022-11-02) · Companies House register